business
Laurentian Bank announces sale to Fairstone Bank and National Bank
Fairstone Bank of Canada has agreed to acquire Laurentian Bank of Canada for $1.9 billion in cash. As part of the deal, Laurentian Bank will sell its retail and small-and-medium-sized business banking portfolios and syndicated loan portfolio to National Bank of Canada. Source link
3 Canadian businesses surviving (and thriving) Trump’s tariffs
While U.S. President Donald Trump’s tariffs have been a nightmare for many Canadian businesses, some entrepreneurs see an opportunity. For The National, CBC’s Nick Purdon visits three Canadian companies to learn more about how they’re surviving — even thriving — in the face of trade uncertainty. Source link
Algoma Steel issues layoff notices to 1,000 workers
Algoma Steel says it has issued 1,000 layoff notices to workers at its plant in Sault Ste. Marie, Ont. Source link
Pay high duties or lose U.S. shoppers? Some Canadian retailers forced to choose amid holiday sales
Months after the U.S. ended duty-free shipping on small packages, Canadian online retailers will have to make a tough gamble: pay pricey fees on low-value shipments, or get a holiday sales boost from American customers? Source link
WestJet and Air Transat passengers fight back after airlines falsely claim they can’t film disputes
Jason Huang says a WestJet employee grabbed his phone and threatened to deny him boarding when he began recording his conversation during airport check-in. Legal expert say passengers are within their rights to record these interactions, and video and audio recordings may help in battles for compensation. Source link
Canada's economy sees surprise boost in 3rd quarter, avoiding a technical recession
The Canadian economy grew at an annualized rate of 2.6 per cent in the third quarter, Statistics Canada said on Friday, avoiding a technical recession largely due to a surge in defence spending. Source link
'Tis the season for holiday shopping. But are Canadian products on the list?
Despite recent data suggesting the Buy Canadian movement is losing steam, some business owners are hopeful the boom they’ve been seeing will continue through Black Friday sales and throughout the holiday shopping season. Source link
Oilpatch drilling slows as oil and natural gas prices sink
Low oil and natural gas prices are taking a toll on the industry as drilling activity is falling in Western Canada and job losses are mounting. Source link
More Canadians are missing non-mortgage debt payments, says Equifax
Equifax Canada says the number of consumers missing a non-mortgage debt payment in the third quarter rose compared with a year ago. Source link
Why some young people are investing based on vibes, not research
Some millennial and Gen Z Canadians believe it’s harder to build wealth now than it was for their parents. So they’re adopting more risk-taking investment strategies. Some say it’s the only thing they think will help them get ahead financially. Source link